Must be nice to be Paul Pelosi, the husband of House Speaker Nancy Pelosi.
After all, the long-term investor has a serious edge over all the other competitors out there: the inside track to legislation likely to be passed, which is rather valuable information for someone who trades options and equities that directly move in response to said legislation.
Pelosi has already come under fire for antics with Tesla, Apple, and other Big Tech companies in recent years, especially given the suspicious nature in which the purchases were time with the legislation passing.
Now, Pelosi is at it again, with not even a pesky DUI charge or two holding him back.
The New York Post, which tends to give the real story far more often than the New York Times, provided strong insight into Pelosi’s latest acquisitions in the stock market.
“House Speaker Nancy Pelosi’s husband purchased up to $5 million in stock options on a computer-chip company ahead of a vote on legislation next week that would deliver billions of dollars in subsidies to boost the chip-manufacturing industry, new financial disclosures show,” the newspaper writes.
Well, how convenient.
Looks like Mr. Pelosi felt quite emboldened to go and spend millions on some stocks while numerous Americans can barely afford to fill their tanks with gasoline.
Looks like Mr. Pelosi also gets to enjoy having an insider track to multiple millions, as analyzed by Craig Holman in remarks to The Daily Caller i.
“It certainly raises the specter that Paul Pelosi could have access to some insider legislative information. This is the reason why there is a stock trading app that exclusively monitors Paul’s trading activity and then its followers do likewise,” Holman remarked.
Hey, at least Pelosi is spawning a following amongst individuals who likely don’t gamble with millions, though they also realize Pelosi is likely going to succeed in whatever investment moves he makes.
Representative Ralph Norman (R-SC) also weighed in on Pelosi’s suspicious antics, as was decidedly unimpressed with how brazen the Pelosis have become.
“Obviously Speaker Pelosi would be aware of the timing of this legislation over in the Senate,” Norman drawled. “On the heels of that vote, for anyone in her orbit to purchase seven-figures worth of stock of an U.S.-based chip manufacturer just reeks of impropriety.”
Pretty much everything the Democrats do reeks of impropriety, but as long as the mainstream media coves for them, the sky’s the limit in terms of what they can get away with.
Which is precisely why Nancy Pelosi openly opposes legislation designed to minimize Congressional cheating.
“We are a free market economy. They should be able to participate in that,” Pelosi said flatly.
All of the sudden she’s a champion of the free markets … when they work in favor of her.
Author: Jane Jones